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The Latest Breaking News from Centrica

Cost of living crisis: As bills pain hits millions of families…gas boss defends profits

Ministers told to do more to help households

Evening Standard

Leading energy boss admits Brits face cost of living 'pain' as bills go up

Chris O’Shea, head of industry giant Centrica, admitted cost of living hit customers were already struggling with everything from filling up the car to the weekly shop

Daily Mirror

Energy watchdog hired firm to advise on price cap hike – despite its work for Big Six suppliers

Exclusive: Ofgem awarded £420,000 contract to Baringa Partners, which described energy suppliers as ‘key clients’

The Independent UK

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Dozens of firms have cut ties with Russia in the past week

The companies have cut ties with Russia in an act of solidarity against Vladimir Putin's invasion of Ukraine

Wales Online

Co-op, Morrisons, H&M, M&S and more cut ties with Russia amid Ukraine invasion

Shell, BP and British Gas have all taken steps to condemn and sever ties with Russia's economy

Manchester Evening News

British dockers refuse to unload tanker of Russian gas in Kent forcing it to dock elsewhere

Vessel was carrying liquified natural gas destined for British Gas owner Centrica amid apparent loophole

The Independent UK

UK dockers vow not to unload tankers carrying Russian oil and gas

Ships scheduled to dock in UK because of a sanctions loophole are thought to include at least one carrying gas for Centrica

The Guardian - UK

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John Lewis, Sainsbury's, H&M and 25 more firms that have cut ties with Russiain past week

British Gas, Morrisons and PayPal are just some of the huge companies suspended ties with Russia in an act of solidarity against Vladimir Putin's war on Ukraine

Daily Mirror

British Gas owner Centrica to exit Russia gas supply contracts

It comes after a number of UK energy companies, including BP and Shell, moved to sever their ties to Russia because of the conflict.

The Independent UK

British Gas owner follows BP and Shell in cutting Russia ties

Centrica announces end of gas supply agreement with Kremlin-controlled Gazprom

The Guardian - UK

UK firms rush to dump Russian assets amid efforts to isolate Moscow

British Gas owner Centrica cuts ties as Legal & General, Abrdn and Nest all try to sell stocks

The Guardian - UK

Warren East’s departure from Rolls-Royce is bad timing, but he’s done well

Choosing the day Russia invaded Ukraine to make his announcement sums up the chief’s tumultuous stint

The Guardian - UK

CEO of British Gas-owner Centrica waives £1.1 million bonus as heating bills soar

The boss of British Gas-owner Centrica is waiving his £1.1 million bonus this year as household heating bills soar.

Evening Standard

British Gas guarantees UK energy supplies are safe after Russia invasion

Owner Centrica reports bumper results but utility refuses to comment on likely price hikes

The Guardian - UK

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The Independent UK

British Gas profits jump 44% as energy bills soar for millions of households

Parent company Centrica hands back £27m in furlough payments and chief executive Chris O’Shea waives £1.1m bonus in light of ‘difficulties many households face’

Wales Online

British Gas retail posts 44 per cent profits spike amid energy cost crisis

Parent company Centrica said British Gas Energy reported a jump in adjusted operating profit, which reached £118 million in 2021

The Independent UK

British Gas profits soar despite energy sector squeeze

Centrica’s boss plans to give up his £1.1m bonus as prices spike for millions of his customers.

Daily Mirror

British Gas to pay back full £27m furlough bill as profits top £1bn during gas crisis

The chief executive of the country's largest gas and electricity provider, Chris O'Shea, has also agreed to waive his £1.1 million bonus. His regular salary is £775,000.

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news in one place.

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The Guardian - UK

Barclays CEO needs profits and fewer run-ins with regulators

The stock market still worries about the bank, but CS Venkatakrishnan could be the boss it has been seeking

The Guardian - UK

British Gas to protect almost £300m in customers’ cash in event of market shocks

Exclusive: Energy supplier to safeguard millions it holds in credit balances after string of firms go bust

Daily Mirror

'Fat cat' energy firm bosses earning £12m as families struggle with rising bills

Unions furious at multi-million-pound pay-outs to bosses at British Gas owner Centrica as households face shock £700 ayear increase in lgas and electricity bill

Birmingham Post

Equinor submits Humber hydrogen production plant bid to government backed by six potential users

Centrica, Ineos, Vivergo, Pensana, Vital Energi and Triton Power outline hydrogen hunger behind Saltend submission

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